Another day, more extraordinary developments in the financial markets that top the last era-defining episode dating back all of two days ago. What does it mean for law firms when the UK Government plans to nationalise large parts of the 
banking system and – far from capitalistic outrage – it is the money men urging on Whitehall to cultivate a radically different financial ecology?
I had a chance to gauge the general reaction among the profession yesterday evening at a Legal Week debate that included Freshfields chief executive Ted Burke, Allen & Overy managing partner Wim Dejonghe, Deutsche Bank’s Simon Dodds and Sean McGovern of Lloyd’s of London.
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